Guideline Value for KASTHURIBAI COLONY A BLOCK 1ST CROSS STREET

Kasthuribai Colony A Block 1st Cross Street guideline value

The current guideline value of Kasthuribai Colony A Block 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kasthuribai Colony A Block 1st Cross Street has changed

The guideline value for Kasthuribai Colony A Block 1st Cross Street has undergone several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and finally rose to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current value of Kasthuribai Colony A Block 1st Cross Street.

• Kasthuribai Colony A Block 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuri Bai Colony A Block 2nd Str: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 3rd Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuribai Colony A Block 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuribai Colony A Block 1st Cross Street?

The Sub Registrar Office that covers Kasthuribai Colony A Block 1st Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Perambur

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the higher amount between the guideline value and the sale price. This ensures that the government collects the appropriate fees based on the property's value.

Frequently asked questions

What is the current guideline value of Kasthuribai Colony A Block 1st Cross Street?

The current guideline value of Kasthuribai Colony A Block 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Kasthuribai Colony A Block 1st Cross Street is Residential Class III Type - II.

Where is the Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.